March 24, 2026

Matrix Multifamily Houston Report-March 2026

Supply moderates in Houston

Even as deliveries cooled to 1.9 percent of existing stock in 2025, Houston’s advertised asking rents were down 1.2 percent YoY to $1,353 in January. Occupancy fell 50 bps YoY to 92.2 percent in December amid broad-based softening.

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